Plan Ledger DOL Form 5500 · updated monthly

McGuire Management Group401(k)

MCGUIRE MANAGEMENT GROUP 401(K) PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

McGuire Management Group reported $7,667 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,150 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 10 years on file its reported administrative ratio fell from 0.12% to 0.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Florida (1,950th of 3,644), and the 646th of 2,240 in accommodation & food services. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has shrunk from 398 to 149 since 2014.

Plan summary
Net assets, end of year$8,537,126
Participants with balances122
Active participants149
Employer contributions$320,288
Employee contributions$588,004
Employer contribution per active participant$2,150
Average account balance$69,976
Benefits paid to participants$171,475
Plan auditUnmodified (clean) audit opinion
AuditorSALTMARSH CLEAVELAND GUND
Plan history5
Yearassets · accounts · employer contribution
2024$8.5M · 122 accts · $320K emplr
2023$6.8M · 158 accts · $274K emplr
2022$5.4M · 164 accts · $287K emplr
2015$2.1M · 94 accts · $57K emplr
2014$2.0M · 92 accts · $59K emplr
Administrative expenses, itemized · 2024
Investment management$9,616
Total administrative$7,667
The McGuire Management Group 401(k) match · 2024
Employer contribution per active participant$2,150
Median for plans this size$1,313
2024$2,150 per active participant
2023$484 per active participant
2022$524 per active participant
2015$128 per active participant
2014$148 per active participant

McGuire Management Group's 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$9,348

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history5
2024$7,667 · 0.10%
2023$1,235 · 0.02%
2022$865 · 0.02%
2015$3,120 · 0.15%
2014$2,220 · 0.12%
Same employer
Similar plansAccommodation & Food Services · Florida
Carmines Bakery LLC FL$9.6M · 0.20%
Imcmv Holdings, Inc. FL$9.1M · 0.73%
Port Royal Club, Inc. FL$8.4M · 0.03%
Areas USA, Inc. FL$8.1M · 1.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460691763 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.